The Jindal Stainless group has received the nod from the bourses for the scheme of amalgamation of Jindal Stainless (Hisar) Ltd (JSHL) into Jindal Stainless Ltd, company officials said. The merger will lead to a...
Steel
Jindal Steel keen to acquire bankrupt Reliance Naval & Engineering
Jindal Steel & Power, India’s third-largest producer of the alloy by market value, and two other groups were the latest to express interest in bidding for Reliance Naval & Engineering, according to sources. For...
AP choses Liberty Steel India as JV partner for construction of YSR Steel plant in Kadapa
Andhra Pradesh government on Tuesday chose Liberty Steel India Limited as the joint venture partner for construction and development of YSR Steel Plant in Kadapa district. The state Cabinet, which met here under the...
Acquisition of Bhushan Power & Steel: JSW Steel poised to finalise deal
Sajjan Jindal-led JSW Steel is close to finalising a compromise with financial creditors and completing the ₹19,700-crore takeover of debt-laden Bhushan Power & Steel (BPSL), five people familiar with negotiations...
Thyssenkrupp ends talks with UK’s Liberty on steel unit sale
German conglomerate Thyssenkrupp ended talks to sell its steel division to Britain’s Liberty Steel due to differences over value, the latest setback in efforts to consolidate the European sector Liberty Steel, led by...
Thyssenkrupp ends talks with UK’s Liberty on steel unit sale
German conglomerate Thyssenkrupp said on Wednesday it had ended talks to sell its steel division to Britain’s Liberty Steel, citing differences overvalue and structure in a potential deal. Liberty Steel, which is led by...
Thyssenkrupp CEO says Liberty Steel bid needs clarification
A bid which Britain’s Liberty Steel submitted for Thyssenkrupp’s steel division in January must be clarified in ongoing talks between the two firms, the German group’s chief executive said. The bid still contains “a...
AM/NS buys Essar Steel’s CPP under Sarfaesi, says lenders will recover 85%
ArcelorMittal Nippon Steel India (AM/NS India) has acquired a captive power plant of Essar Steel, Essar Power Orissa Limited (EPORL), under the Securitisation and Reconstruction of Financial Assets and Enforcement of...
Tata Steel to continue separation of European activities
Tata Steel’s European works council on Friday said it expected the separation of Tata Steel’s Dutch and British operations to continue, despite Swedish steelmaker SSAB’s decision to halt talks over the...
SSAB exits talks to buy Tata Steel unit
Swedish steelmaker SSAB has called off talks with Tata Steel Ltd for a possible acquisition of the Indian company’s IJmuiden steel mill in the Netherlands. SSAB said in a public statement on Friday that the “synergies...
Government begins strategic sale of NINL, invites EoIs
The government has invited expression of interest for strategic divestment of Neelachal Ispat Nigam Limited (NINL) at enterprise value. The sale will include transfer of management control, mining rights and leasehold...
Britain’s Liberty Steel firms up offer for Thyssenkrupp steel unit
Britain’s Liberty Steel, Europe’s fourth-largest steelmaker, said on Monday it had submitted an updated offer for German conglomerate Thyssenkrupp’s steel division. The move comes about three months after Liberty Steel...
